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Latvia vs Panama statistics compared

Updated on by Georank team

Latvia has a population of 1.87M (ranked 149/197), compared with 4.52M in Panama (ranked 128/197). Latvia's land area is 24,027 sq mi versus 28,641 sq mi for Panama (ranked 121st vs. 115th).

By GDP, Latvia ranks 99/197 ($43.7B) and Panama ranks 78/197 ($86.5B). By GDP per capita, Latvia ranks 54/197 ($23,409), while Panama ranks 60/197 ($19,161).

Main facts and rankings

Latvia Panama
Population
1829763
4642198
Population rank 149/197 128/197
GDP
$43.7B
2024
$86.5B
2024
GDP rank 99/197 78/197
GDP per capita
$23,409
2024
$19,161
2024
GDP per capita rank 54/197 60/197
GDP per capita, PPP
$43,394
2024
$41,369
2024
Government debt
$20.4B
2024
$49.6B
2024
Debt-to-GDP ratio
46.8%
2024
57.4%
2024
Government debt per person
$10,945
2024
$10,995
2024
Government debt per person rank 53/185 51/185
Average annual personal income after taxes
$17,033
2026
$10,196
2026
Land area 24,027 sq mi 28,641 sq mi
Population density
76.2 ppl/mi²
2026
161.6 ppl/mi²
2026
Fertility rate
1.36
2023
2.12
2023
Median age
44.3 years
2024
30.9 years
2024
Life expectancy
76.6 years
2026
80.1 years
2026

Latvia and Panama: Comparison Charts

Latvia and Panama economies compared

GDP
Latvia

Panama
1x
Year GDP
Latvia Panama
2024 $43,684,254,432 $86,523,959,132
2023 $42,779,550,937 $83,812,155,244
2022 $38,003,198,509 $76,479,304,471
2021 $38,183,326,785 $67,396,392,506
2020 $33,379,927,435 $57,059,846,522
2019 $33,099,503,951 $69,778,991,193
2018 $33,247,935,477 $67,316,471,181
2017 $29,391,059,767 $64,327,688,826
2016 $27,117,105,060 $59,760,858,718
2015 $26,344,565,877 $55,767,806,073
2014 $30,277,203,767 $51,427,104,882
2013 $29,152,128,168 $46,949,496,479
2012 $27,116,149,949 $41,595,439,721
2011 $26,575,547,901 $35,687,738,252
2010 $23,468,324,572 $30,231,009,533
2009 $25,691,530,442 $27,791,215,547
2008 $34,135,200,994 $25,721,327,955
2007 $29,420,499,248 $21,717,433,808
2006 $20,434,922,247 $18,659,721,513
2005 $16,306,935,905 $16,623,906,739
2004 $13,827,070,379 $15,100,203,362
2003 $11,244,337,720 $13,603,456,003
2002 $9,249,030,241 $12,800,851,271
2001 $8,190,888,740 $12,252,906,341
2000 $7,761,252,607 $11,966,497,049
1999 $7,324,192,890 $11,660,704,777
1998 $6,974,112,951 $11,019,557,689
1997 $6,349,481,007 $10,058,854,386
1996 $5,799,465,288 $9,197,503,323
1995 $5,608,208,785 $9,573,813,700
1994 - $9,365,289,800
1993 - $8,782,585,400
1992 - $8,042,337,700
1991 - $7,074,675,500
1990 - $6,433,967,000
1989 - $5,918,469,800
1988 - $5,902,783,400
1987 - $6,827,665,300
1986 - $6,797,834,200
1985 - $6,541,517,100
1984 - $6,183,387,100
1983 - $5,923,755,900
1982 - $5,769,767,900
1981 - $5,222,421,500
1980 - $4,614,086,400
1979 - $3,704,551,600
1978 - $3,244,558,600
1977 - $2,738,261,900
1976 - $2,588,106,000
1975 - $2,435,304,100
1974 - $2,188,307,600
1973 - $1,913,793,400
1972 - $1,673,411,700
1971 - $1,523,917,200
1970 - $1,351,006,400
1969 - $1,221,305,700
1968 - $1,112,791,100
1967 - $1,034,376,400
1966 - $928,833,000
1965 - $852,485,300
1964 - $776,137,500
1963 - $722,784,500
1962 - $652,120,900
1961 - $599,026,300
1960 - $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/latvia/panama | CC BY

Latvia and Panama economies compared

GDP per capita
Latvia

Panama
1x
Year GDP per capita
Latvia Panama
2024 $23,409 $19,161
2023 $22,710 $18,797
2022 $20,221 $17,379
2021 $20,262 $15,510
2020 $17,564 $13,291
2019 $17,295 $16,478
2018 $17,252 $16,151
2017 $15,132 $15,695
2016 $13,839 $14,832
2015 $13,322 $14,083
2014 $15,186 $13,213
2013 $14,484 $12,273
2012 $13,329 $11,065
2011 $12,903 $9,662
2010 $11,188 $8,331
2009 $11,996 $7,797
2008 $15,678 $7,348
2007 $13,371 $6,318
2006 $9,212 $5,529
2005 $7,284 $5,018
2004 $6,110 $4,645
2003 $4,915 $4,265
2002 $4,004 $4,091
2001 $3,505 $3,992
2000 $3,278 $3,975
1999 $3,064 $3,950
1998 $2,894 $3,808
1997 $2,610 $3,546
1996 $2,360 $3,308
1995 $2,257 $3,514
1994 - $3,508
1993 - $3,358
1992 - $3,140
1991 - $2,821
1990 - $2,620
1989 - $2,462
1988 - $2,509
1987 - $2,966
1986 - $3,019
1985 - $2,972
1984 - $2,875
1983 - $2,819
1982 - $2,811
1981 - $2,605
1980 - $2,357
1979 - $1,938
1978 - $1,738
1977 - $1,503
1976 - $1,457
1975 - $1,406
1974 - $1,296
1973 - $1,164
1972 - $1,046
1971 - $979
1970 - $893
1969 - $830
1968 - $778
1967 - $745
1966 - $689
1965 - $651
1964 - $611
1963 - $587
1962 - $546
1961 - $516
1960 - $477

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/latvia/panama | CC BY

Latvia vs. Panama life expectancy calculator

Life expectancy
Latvia

Panama
1x
Year Life expectancy, years
Latvia Panama
2026 76.6 80.1
2025 76.5 80
2024 76.3 79.8
2023 76.2 79.6
2022 74.9 79.3
2021 73.2 77
2020 75.5 76.3
2019 75.6 78.5
2018 75 78.3
2017 74.8 77.9
2016 74.8 77.8
2015 74.7 77.6
2014 74.3 77.4
2013 74.2 77.1
2012 73.9 76.9
2011 73.7 76.7
2010 73 76.4
2009 72.7 76.2
2008 72 75.9
2007 70.8 75.7
2006 70.6 75.4
2005 70.6 75.2
2004 70.9 74.8
2003 70.6 74.6
2002 70.2 74.2
2001 69.9 73.8
2000 70.2 73.4
1999 69.6 73.1
1998 68.9 72.8
1997 69.2 72.5
1996 68.6 72.2
1995 66 72
1994 65.2 71.9
1993 66.6 71.8
1992 68.5 71.5
1991 69.2 71.3
1990 69.5 71.3
1989 70.4 70.1
1988 70.9 70.9
1987 71 70.8
1986 71 70.7
1985 69.6 70.5
1984 69.4 70.4
1983 69.4 70.1
1982 69.6 69.9
1981 69.1 69.8
1980 69.1 69.5
1979 68.8 69.1
1978 69.3 68.7
1977 69.4 68.3
1976 69.4 67.8
1975 69.3 67.2
1974 70.1 66.6
1973 70.2 65.8
1972 70.3 65.2
1971 70.6 64.7
1970 70.2 64.1
1969 70.2 63.7
1968 70.5 63.2
1967 70.9 62.9
1966 71.2 62.6
1965 71.2 62.3
1964 71.5 62.1
1963 70.3 61.8
1962 69.9 61.4
1961 70.5 60.9
1960 70.3 60.3
1959 69.5 59.6
1958 68.9 58.9
1957 68.3 58.3
1956 67.6 57.9
1955 67.1 57.5
1954 66.7 57.2
1953 66.2 56.8
1952 65.7 56.4
1951 65.2 55.9
1950 64.6 55.4

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/latvia/panama | CC BY

Latvia and Panama population clocks and comparison

Population
Latvia

Panama
1x
Year Population
Latvia Panama
2024 1,866,124 4,515,577
2023 1,883,710 4,458,759
2022 1,879,383 4,400,773
2021 1,884,490 4,345,405
2020 1,900,449 4,293,261
2019 1,913,822 4,234,700
2018 1,927,174 4,167,860
2017 1,942,248 4,098,707
2016 1,959,537 4,029,086
2015 1,977,527 3,960,035
2014 1,993,782 3,892,101
2013 2,012,647 3,825,329
2012 2,034,319 3,759,256
2011 2,059,709 3,693,505
2010 2,097,555 3,628,535
2009 2,141,669 3,564,381
2008 2,177,322 3,500,648
2007 2,200,325 3,437,490
2006 2,218,357 3,375,024
2005 2,238,799 3,313,026
2004 2,263,122 3,251,155
2003 2,287,955 3,189,807
2002 2,310,173 3,129,344
2001 2,337,170 3,069,537
2000 2,367,550 3,010,369
1999 2,390,482 2,951,822
1998 2,410,019 2,893,914
1997 2,432,851 2,836,695
1996 2,457,222 2,780,227
1995 2,485,056 2,724,557
1994 2,520,742 2,669,546
1993 2,563,290 2,615,099
1992 2,614,338 2,561,336
1991 2,650,581 2,508,265
1990 2,663,151 2,455,583
1989 2,666,955 2,403,820
1988 2,653,434 2,352,848
1987 2,626,583 2,301,970
1986 2,599,892 2,251,325
1985 2,578,873 2,200,915
1984 2,562,047 2,150,782
1983 2,546,011 2,101,106
1982 2,531,080 2,052,271
1981 2,519,421 2,004,418
1980 2,511,701 1,957,534
1979 2,505,953 1,911,552
1978 2,497,921 1,866,311
1977 2,485,073 1,821,543
1976 2,470,989 1,776,935
1975 2,456,130 1,732,389
1974 2,437,186 1,687,926
1973 2,415,819 1,643,690
1972 2,395,674 1,599,723
1971 2,376,389 1,556,081
1970 2,359,164 1,513,070
1969 2,343,173 1,470,886
1968 2,323,619 1,429,447
1967 2,301,220 1,388,628
1966 2,283,217 1,348,388
1965 2,265,919 1,308,835
1964 2,240,623 1,270,065
1963 2,210,919 1,232,124
1962 2,181,586 1,195,301
1961 2,152,681 1,159,870
1960 2,120,979 1,126,005

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/latvia/panama | CC BY

Fertility rates in Latvia and Panama

Fertility rate
Latvia

Panama
1x
Year Fertility rate
Latvia Panama
2023 1.36 2.12
2022 1.47 2.14
2021 1.57 2.15
2020 1.55 2.18
2019 1.61 2.29
2018 1.6 2.4
2017 1.69 2.46
2016 1.74 2.5
2015 1.7 2.53
2014 1.65 2.55
2013 1.52 2.57
2012 1.44 2.59
2011 1.33 2.6
2010 1.36 2.59
2009 1.46 2.59
2008 1.58 2.61
2007 1.54 2.61
2006 1.46 2.62
2005 1.39 2.64
2004 1.29 2.68
2003 1.32 2.68
2002 1.26 2.7
2001 1.22 2.72
2000 1.25 2.74
1999 1.16 2.77
1998 1.09 2.79
1997 1.11 2.81
1996 1.16 2.83
1995 1.25 2.85
1994 1.39 2.88
1993 1.51 2.91
1992 1.73 2.95
1991 1.86 3
1990 2.02 3.07
1989 2.05 3.12
1988 2.11 3.17
1987 2.15 3.25
1986 2.12 3.34
1985 2.08 3.43
1984 2.09 3.52
1983 2.07 3.6
1982 1.97 3.66
1981 1.88 3.72
1980 1.86 3.8
1979 1.87 3.88
1978 1.87 3.98
1977 1.89 4.12
1976 1.93 4.26
1975 1.96 4.41
1974 1.97 4.58
1973 1.98 4.74
1972 2 4.91
1971 2 5.05
1970 1.96 5.18
1969 1.88 5.29
1968 1.83 5.41
1967 1.8 5.53
1966 1.76 5.65
1965 1.74 5.73
1964 1.79 5.81
1963 1.85 5.87
1962 1.91 5.87
1961 1.94 5.87
1960 1.94 5.83

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/latvia/panama | CC BY

Latvia and Panama demographics compared

Median age
Latvia

Panama
1x
Year Median age, years
Latvia Panama
2024 44.3 30.9
2023 44.1 30.6
2022 44 30.3
2021 43.9 30
2020 43.8 29.7
2019 43.6 29.4
2018 43.4 29.1
2017 43.2 28.8
2016 43 28.5
2015 42.8 28.3
2014 42.5 28
2013 42.3 27.8
2012 42 27.5
2011 41.6 27.2
2010 41.1 27
2009 40.5 26.7
2008 40.1 26.4
2007 39.9 26.1
2006 39.7 25.9
2005 39.4 25.6
2004 39.2 25.3
2003 38.9 25.1
2002 38.6 24.8
2001 38.3 24.5
2000 37.9 24.3
1999 37.6 24
1998 37.3 23.7
1997 36.9 23.5
1996 36.6 23.2
1995 36.2 22.9
1994 36 22.7
1993 35.6 22.4
1992 35.2 22.1
1991 34.8 21.8
1990 34.6 21.5
1989 34.5 21.3
1988 34.6 21
1987 34.6 20.7
1986 34.7 20.4
1985 34.7 20.2
1984 34.7 19.9
1983 34.6 19.7
1982 34.7 19.5
1981 34.8 19.2
1980 34.9 19
1979 35.1 18.8
1978 35.1 18.6
1977 35.1 18.4
1976 35 18.3
1975 34.9 18.1
1974 34.7 18
1973 34.6 17.8
1972 34.5 17.7
1971 34.3 17.7
1970 34.2 17.6
1969 34.1 17.6
1968 34 17.5
1967 33.8 17.5
1966 33.5 17.5
1965 33.2 17.5
1964 33 17.6
1963 32.8 17.6
1962 32.6 17.7
1961 32.4 17.8
1960 32.3 17.8

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/latvia/panama | CC BY

Interactive Maps

Use the buttons below to switch between world maps comparing statistics for Latvia and Panama.

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National statistics comparison

Finance

Latvia Panama
GNI, Atlas method
$40.4B
2024
$81.3B
2024
Government expenditure, % of GDP
44.5%
2024
23.1%
2024
Education expenditure, % of GDP
4.32%
2022
2.47%
2023
Military expenditure, % of GDP
3.26%
2024
0.97%
1999
Armed forces personnel
9,000
2020
28,000
2020
Deficit/surplus, % of GDP
-1.82%
2024
-7.42%
2024
Unemployment rate
6.88%
2024
8.61%
2024
Services, % of GDP
64.6%
2024
69.3%
2024
Industry, % of GDP
18.5%
2024
25.5%
2024
Economic freedom index
71.6
2026
64.9
2026
Income share by richest 10%
26.2%
2023
37.6%
2024
Income share by poorest 10%
2.6%
2023
1.2%
2024
Number of billionaires n/a
0
2025
Percentage of billionaires n/a
0%
2025
Listed domestic companies
56
2003
36
2024
Market capitalization of domestic companies n/a
$18.3B
2024
Total reserves including gold
$5.14B
2024
$6.86B
2024
Personal remittances received
$1.34B
2024
$532M
2024
International tourist arrivals
3,204,000
2020
647,000
2020
International tourism as share of exports
7.25%
2007
9.3%
2020
Banked people share
95%
2024
64.1%
2024

Energy

Latvia Panama
Energy use, kg of oil equivalent per capita
2,240 kg
2023
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$19
2023
$34.2
2022
Carbon dioxide (CO2) emissions
6.81 megatons
2024
12.4 megatons
2024
CO2 emissions per capita
3.65 tons
2024
2.74 tons
2024
Fossil fuel energy use share
47.8%
2023
76.5%
2022
Renewable energy use share
44%
2021
28%
2021
Alternative and nuclear energy use share
8.79%
2023
17.3%
2022
Net energy imports use share
34.3%
2023
171.2%
2022
Electric power consumption per capita
3,617 kWh
2023
2,546 kWh
2022
Renewable electricity output share
63.6%
2021
79.3%
2021
Hydroelectric share
59.4%
2023
66.3%
2022
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
97%
2023

Society

Latvia Panama
% of world population
0.02%
2024
0.06%
2024
Annual migration change
-7,330
2025
+6,151
2025
Urban population
68.5%
2024
66%
2024
Male:Female ratio
46.4:53.6
2024
50:50
2024
Average male height
5.94 ft
2025
5.58 ft
2025
Average female height
5.54 ft
2025
5.19 ft
2025
Quality of life index
75.4
2026
60.2
2026
Corruption Perceptions Index
60
2025
33
2025
Higher education index
70
2026
40
2026
Homicides per 100K people
2.5
2023
11.3
2022
Road traffic mortality per 100K people
8.1
2019
13.9
2019
Visa free countries
171
2025
138
2025
Adult literacy rate
99.9%
2021
96.3%
2024
English speaking
45.9%
2023
14%
2023
People using the Internet
92.7%
2024
68.5%
2023

Health

Latvia Panama
Government health expenditure per capita
$1,645
2023
$1,558
2023
Out-of-pocket health expenditure per capita
$577
2023
$630
2023
Life expectancy
76.6 years
2026
80.1 years
2026
Foreign aid share of health expenditure
0.14%
2023
0.76%
2023
Physicians per 1,000 people
3.4
2022
1.63
2022
Age at first childbirth
28 years
2023
n/a
Maternal mortality per 100K births
19
2023
37
2023
Mortality rate before reaching 5 years of age
3
2023
13.3
2023
Obesity rate
24.9%
2022
37.1%
2022
Diabetes prevalence
7.1%
2024
11.1%
2024
Air quality index
75
2026
79
2026
Tobacco use prevalence
33.9%
2022
5.2%
2022
Pure alcohol consumption per capita
12.9 liters
2020
4.66 liters
2020

Territory

Latvia Panama
% of world land
0.04%
2026
0.05%
2026
Land area per capita
12,875 sq mi
2024
6,343 sq mi
2024
Agricultural land area
7,610 sq mi
2026
8,456 sq mi
2026
Forest area
13,214 sq mi
2026
16,138 sq mi
2026

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)
  12. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)

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